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Find the interest on a used car loan of 5000 at a rate of 16% for a period of 8 months |
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Answer» Answer: interest is 6,400 rs. Step-by-step EXPLANATION: FIRST, Principal = 5000 Rate of interest = 16% Time = 8 months So, interest= p×r×t ÷ 100 5000×16×8÷100
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